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Stablecoin volume milestones

Stablecoin networks are surpassing traditional payment rails in volume, speed, and market share as adoption accelerates globally.

3 entriesSat, Jul 11 – Mon, Jul 20Institutional Transition

Timeline

  1. Mon, Jul 20Latest

    Stablecoin Volume Tops ACH Network

    Stablecoin on-chain transaction volume is approaching $7 trillion, a level that surpasses the ACH network's comparable throughput. The figure provides a concrete infrastructure-scale benchmark for stablecoin rails relative to established US payment processing infrastructure.

  2. Wed, Jul 15

    Stablecoin Payment Volume Reaches $400 Billion in 2025 as Circle and Coinbase Face Competitive Pressure

    Stablecoin payment volume totaled $400 billion in 2025, with banks cited as watching the displacement of traditional payment rails. Circle minted an additional 750 million USDC on Solana in a single issuance, bringing its total additional USDC issuance for the year to over $69 billion. Circle separately minted $500 million USDC on Solana in a prior transaction as institutional on-chain liquidity demand continued.

  3. Sat, Jul 11

    Yield-Bearing Stablecoins Reach 10% Market Share; Court Sends Crypto Yield Security Question to Appeal

    Yield-bearing stablecoin products now represent 10% of the total stablecoin market. A federal court simultaneously sent the question of whether crypto yield constitutes a security to appeal, a ruling that will directly shape the regulatory treatment of yield-bearing stablecoin products under the GENIUS Act framework.